LESOTHO GENERAL CERTIFICATE OF SECONDARY EDUCATION

Size: px
Start display at page:

Download "LESOTHO GENERAL CERTIFICATE OF SECONDARY EDUCATION"

Transcription

1 LESOTHO GENERAL CERTIFICATE OF SECONDARY EDUCATION Lesotho General Certificate of Secondary Education Syllabus Accounting 0187 For examination in November 2018 National Curriculum Development Centre in collaboration with Examinations Council of Lesotho

2 1. Introduction The Lesotho General Certificate of Secondary Education Accounting syllabus is tailor-made to instil entrepreneurial culture in the learners and to form a sound base for further learning in the Commercial field. 2. Rationale: This syllabus is intended to prepare and expose learners to the global business world faced with economic challenges and recurring economic recessions. Products of this syllabus should be able to find their rightful place in the business world, contribute and participate meaningfully. Learners are to develop a good appreciation of the accounting principles and practices internationally so as to become competitive in a dynamic business environment. The syllabus further encourages learners to develop analytical attributes and entrepreneurial skills to be able to evaluate various business scenarios and make informed judgements. Products of this syllabus are to demonstrate high numeracy, literacy, research skills to enhance recording, accounting and decision-making 3. Assessment at a glance For Lesotho General Certificate of Secondary Education (LGCSE) in Accounting, candidates take two compulsory components: Paper 1 and Paper 2. Candidates take: Paper Description Duration Marks 1 This is a structured question paper with multiple choice questions and short answer questions. There are usually between 4 and 5 questions based on topics from the whole of the syllabus. All questions are compulsory, and candidates answer on the question paper. Weighted at 33.3% of the total marks 1hr 15 mins 50 AND Paper Description Duration Marks 2 This is a structured question paper. There are usually 4 to 6 questions based on topics from the whole syllabus. All questions are compulsory, and candidates answer on the question paper. Weighted at 66.6% of total marks 2 hrs 100 ECol

3 Paper availability This syllabus shall be examined in the May/June examination sessions and the October/November examination series. It is also available to private candidates. 4. Syllabus Aims The aims of Lesotho General Certificate of Secondary Education Accounting syllabus are to: develop knowledge and understanding of the principles and purposes of accounting for individuals, businesses, non-trading organisations and society as a whole develop knowledge, skills and attitudes to establish businesses that are environmentally friendly develop an understanding of accounting principles, procedures, techniques and terminology develop skills in preparing and interpreting accounting information develop skills of numeracy, literacy, communication and enquiry encourage attitudes of accuracy, orderliness, logical thought and an appreciation of professional ethics develop an excellent foundation for advanced study develop some appreciation of information and communications technology in accounting. Teachers are expected to relate the content of the syllabus to local and national events. It is important that learners understand the importance of accounting in the daily lives of individuals and in the running of businesses. 5. Assessment Objectives: 5.1 Knowledge with understanding (AO1) Learners should be able to: demonstrate knowledge and understanding of facts, terms, principles and techniques appropriate to the syllabus demonstrate understanding of knowledge through numeracy, literacy, presentation and comprehension apply knowledge and information to various accounting situations and problems 5.2 Analysis (AO2) Learners should be able to: select, analyse and present data in an appropriate accounting form 5.3 Evaluation (AO3) Learners should be able to: interpret and evaluate accounting information and draw reasoned conclusions ECol

4 6. Relationship between assessment objectives and components. Component Knowledge with understanding Analysis Evaluation Paper 1 66% 24% 10% Paper 2 45% 35% 20% Approx. % total qualification 55.5% 29.5% 15% 7. Grade descriptions Grade A To obtain this grade a candidate must demonstrate an excellent ability to: identify relevant facts and principles in a given scenario analyse and interpret accounting data evaluate financial data, make meaningful judgements and draw reasoned conclusions. Grade C To obtain this grade a candidate must demonstrate an average ability to: identify relevant facts and principles in a given scenario analyse and interpret accounting data evaluate financial data, make meaningful judgements and draw reasoned conclusions. Grade F To obtain this grade a candidate must demonstrate some ability to: identify relevant facts and principles in a given scenario analyse and interpret accounting data evaluate financial data, make meaningful judgements and draw reasoned conclusions. 8. Syllabus content Within the following areas, learners should be able to: 8.1 The purpose of accounting explain the difference between bookkeeping and accounting explain the role of accounting in providing information for monitoring progress and decision-making state the benefits of ICT (information and communications technology) in bookkeeping and accounting: accuracy, speed of processing information, ability to process high volumes of information, performing reconciliations, ease and capacity of information storage and security ECol

5 8.2 Sources and recording of data Double entry system of bookkeeping define the following terms: assets, liabilities and owner s equity (capital) explain and apply the accounting equation explain and calculate the effect of business transactions on the accounting equation explain the double entry system of bookkeeping process accounting data using double entry system recognise the division of the ledger into the sales ledger, purchases ledger and the nominal (general) ledger Business documents recognise and understand the use of business documents as sources of information name and state the use of an invoice, credit note, debit note, cheque, receipt, petty cash voucher and statement of account Learners do not need to know about document details Value added tax (VAT) define the term value added tax define the terms input and output tax explain why some businesses are registered for VAT make entries in a VAT account Books of prime (original) entry explain the advantage of using various books of prime entry explain the use of, and process accounting data in the books of prime entry cash book, petty cash book, purchases journal, sales journal, sales returns journal and the general journal post the ledger entries from the books of prime entry distinguish between and account for trade discount and cash discounts explain the dual function of the cash book as book of prime entry and as a ledger account for bank and cash explain and apply the imprest system of petty cash The ledger prepare ledger accounts in T account format post transactions to the ledger accounts balance ledger accounts as required and make transfers to financial statements interpret ledger accounts prepared using T account format or running balance format Learners do not need to explain or use folio columns. ECol

6 8.3 Verification of accounting records The trial balance recognise that it is a statement of ledger balances on a particular date outline the uses and limitations of the trial balance extract a trial balance from account balances identify and explain errors which do not affect the trial balance commission, compensating, complete reversal, duplication omission, original entry and principle amend a trial balance as necessary Correction of errors correct errors by means of journal entries explain the use of a suspense account correct errors by means of a suspense account adjust the profit or loss for an accounting period after the correction of errors prepare a statement of financial position (or extract) after the correction of errors Control accounts explain the purpose of control accounts as an independent check on the sales and purchases ledgers explain that they may be used to provide totals of debtors trade receivables and creditors trade payables, locate errors and act as a deterrent against fraud identify and use the books of prime entry as sources of information for control account entries prepare control accounts to include the following: credit sales and purchases, receipts and payments, discounts, returns, bad debts, dishonoured cheques, interest on overdue accounts, contra entries, refunds, opening and closing balances (debit and credit within each account) Questions will not be set on situations where the control accounts are part of the double entry system Bank reconciliation explain the use and purpose of a bank statement update the cash book for bank charges, bank interest paid and received, correction of errors, credit transfers, direct debits, dishonoured cheques, dividends and standing orders explain the purpose of, and prepare a bank reconciliation statement to include bank errors, uncredited deposits and unpresented cheques 8.4 Accounting procedures Capital and revenue expenditure and receipts define the meaning of capital and revenue expenditures and receipts distinguish between and account for capital and revenue expenditures distinguish between and account for capital and revenue receipts calculate and comment on the effect on profit of incorrect treatment calculate and comment on the effect on asset valuation of incorrect treatment ECol

7 8.4.2 Accounting for depreciation and disposal of non-current assets define the term depreciation explain the reasons for accounting for depreciation name and describe the following methods of providing for depreciation: straight line (equal instalment), reducing (diminishing) balance and revaluation prepare ledger accounts and journal entries for provision of depreciation prepare ledger accounts and journal entries for the disposal of non-current assets and calculate the profit or loss on the disposal of non-current assets Adjustments to ledger accounts Other payables and receivables recognise the importance of matching costs and revenues make entries in the journal and ledger accounts to record accrued and prepaid expenses make entries in the journal and ledger accounts to record accrued and prepaid incomes Bad debts and the provision (allowance) for doubtful debts distinguish between bad debts and bad debts recovered prepare journal entries and ledger accounts to record bad debts written off and bad debts recovered explain the reasons for maintaining a provision (allowance) for doubtful debts make entries in the journal and ledger accounts to make and adjust a provision (allowance) for doubtful debts 8.5 Principles of financial statements Income statements calculate the gross profit and the profit or loss for the year based on accounting principles, for a specified period recognise that profit (or loss) is the increase (or decrease) in the net value of assets during a financial year Statements of financial position recognise that they are statements of balances of assets and liabilities on a specified date recognise and define non-current assets, intangible assets (goodwill), current assets, current liabilities, non-current liabilities, working capital, capital employed and capital owned distinguish between equity and capital employed comment upon the significance of inter-relationship of items in statements of financial position explain the basis of valuation of assets as follows: non-current assets at cost less accumulated depreciation inventory at cost or net realisable value whichever is lower trade receivables at the expected collectible amount i.e. after deduction of provision (allowance) for doubtful debts ECol

8 8.6 Preparation of financial statements Sole traders explain the difference between a trading business and a service business prepare income statements and statements of financial position for trading businesses in vertical format prepare income statements and statements of financial position for service businesses in vertical format make adjustments for provision for depreciation using the straight line (equal instalment), diminishing (reducing) balance and revaluation methods make adjustments for accrued and prepaid expenses and accrued and prepaid income make adjustments for bad debts and provision (allowance) for doubtful debts make adjustments for goods, services and cash taken from the business by the owner for personal use Partnerships explain the advantages and disadvantages of forming a partnership outline the importance and contents of a partnership agreement explain the purpose of an appropriation account prepare income statements, appropriation accounts and statements of financial position in vertical format explain the uses of and differences between capital and current accounts draw up partners current and capital accounts in both the ledger form and as part of a statement of financial position show the treatment of interest on partners loans, interest on capital, interest on drawings, partners salaries and the share of profits or losses make simple entries for the formation of a partnership via capital contribution by each partner in cash and/or non-cash assets make adjustments to financial statements as detailed in There will be no questions set on the admission of a new partner amalgamation of sole traders or on partnership dissolution Limited liability companies explain the following terms: limited liability, authorised capital, issued capital, called up and paid up share capital explain and distinguish between authorised, issued, called up, paid up share capital (preference shares and ordinary shares) and loan capital (debentures) explain the capital structure of a limited company comprising preference share capital, ordinary share capital, general reserve and retained profits and how it appears in a statement of financial position prepare statements of changes in equity Learners are not required to have an awareness of cumulative and non-cumulative preference shares, deferred, founders, participating, redeemable A shares, rights issue, bonus issue, share premium or capital redemption reserve. Learners do not need to record the issue of shares, make entries for corporate tax or to know about accounting requirements of the Companies Acts. ECol

9 8.6.4 Clubs and societies distinguish between receipts and payments accounts and income and expenditure accounts prepare receipts and payments accounts prepare accounts for revenue-generating activities, e.g. refreshments prepare subscriptions accounts prepare income and expenditure accounts prepare statements of financial position make adjustments to financial statements as detailed in define and calculate the accumulated fund Manufacturing accounts distinguish between direct costs and indirect costs define the following terms: direct material, direct labour, direct expenses, prime cost, factory overheads and cost of production make adjustments for work in progress prepare manufacturing accounts, income statements and statements of financial position make adjustments to financial statements as detailed in Incomplete records prepare opening and closing statements of affairs calculate profit or loss from changes in capital over time calculate sales, purchases, gross profit, trade receivables and trade payables and other figures from incomplete information prepare income statements and statements of financial position make adjustments to financial statements as detailed in apply accounting techniques of mark-up, margin and inventory turnover to arrive at missing figures Questions on incomplete records will only relate to sole traders. 8.7 Analysis and Interpretation Financial relationships compute and explain the importance of rate of inventory turnover, gross profit/ revenue (sales), profit for the year/revenue (sales), profit for year/capital employed (ROCE), working capital ratio (current ratio) and quick ratio (acid test ratio) explain the relationship of gross profit and profit for the year to the valuation of rate of inventory turnover, expenses and equity recognise the importance of valuation of inventory and the effect of an incorrect valuation of inventory, on gross profit, profit for the year, equity and asset valuation relate the working capital to the liquidity of a business prepare and comment on simple statements showing comparison of results for different years make recommendations and suggestions for improving profitability and working capital ECol

10 8.7.2 Users of accounting information discuss the use of accounting information by the following interested parties for decision-making: owners, trade payables, investors, managers, banks, club members, governments etc Accounting principles and policies explain and recognise the application of the following principles in the compilation of financial statements: business entity, going concern, historical cost, money measurement, accounting period, matching/accruals, prudence, materiality, consistency and dual aspect recognise the influence of international accounting standards in narrowing areas of difference and variety of accounting practice, improving comparability; relevance, reliability and understandability of accounting information Questions will not be set on specific international accounting standards 8.8 Payroll accounting Payroll records state the uses of the following: clock card, time sheet, payroll register, wages sheet, payslip explain and calculate pay using time basis and piece work basis explain and calculate overtime explain and calculate statutory deductions for income tax (pay as you earn PAYE) and pension explain and calculate voluntary deductions for pension contributions, subscriptions, charitable donations etc. explain and calculate gross and net pay Knowledge of bonus schemes, tax tables and other tables is not required Accounting entries for payroll prepare journal entries to record payment of wages and salaries, statutory and voluntary deductions prepare ledger entries to record payment of wages and salaries, statutory and voluntary deductions Questions will not be asked on the use of a wages and salaries control account or labour costing ECol

11 9 Summary of commonly used accounting ratios 1 Profitability ratios (i) Percentage of gross profit to revenue (sales) (May be referred to as gross profit margin) gross profit revenue (net sales) (ii) Mark up gross profit cost of sales (iii) Percentage of profit (net profit) for the year to revenue (sales) (May be referred to as net profit margin) profit for the year before interest revenue (net sales) (iv) Return on capital employed (ROCE) profit for the year before interest capital employed Liquidity Capital employed = owner s capital + non-current liabilities (i) Current ratio (May be referred to as working capital ratio) current assets current liabilities (ii) Quick ratio (May be referred to as acid test ratio or liquid ratio) current assets inventory current liabilities (iii) Rate of inventory turnover cost of sales average inventory (The answer is given in times) OR average inventory cost of sales (The answer is given in days) ECol

12 10 International standards: terminology The list below is to help Centres become familiar with international terminology. Well-known standards, which are relevant to the level of study will be used in question papers, mark schemes and associated documents. It is recommended that Centres use this terminology in their teaching and learning materials, however, candidates will not lose marks for using different terms. International usage Statement of financial position (balance sheet) Bank (and other) loans Interest bearing loans and borrowing Bank overdrafts and loans Interest bearing loans and borrowing Capital or equity/shareholders equity Cash (and cash equivalents) Cost of sales Current assets Current liabilities Finance costs Finance income/investment revenues Financial statements Gross profit Income statement Intangible assets Inventory/inventories (of raw materials and finished goods) Investment property Non-current assets Previous usage Balance sheet Loans repayable after 12 months Loans repayable within 12 months Capital Bank and cash Cost of goods sold Current assets Current liabilities Creditors: amounts due within 12 months Interest payable Interest receivable Final accounts Gross profit Trading and profit & loss account Goodwill, etc. Stock Investments Fixed assets ECol

13 International standards: terminology Non-current liabilities Other operating expenses Other operating income Other payables Other receivables Plant and equipment Profit (before tax) for the year Property Raw materials Ordinary goods purchased Revenue Share capital Trade payables Trade receivables Work in progress Long-term liabilities Creditors: amounts falling due after more than one year Sundry expenses (administration and distribution) Sundry income Accruals Prepayments Plant and equipment Net profit Land and buildings Purchases Sales Share capital Creditors Debtors Work in progress ECol

14 Glossary of Command Words Advise Calculate Comment Compare Complete Define Describe Discuss Draw up Enter Explain Give Illustrate List Name Write down a suggested course of action in a given situation. Often linked with Suggest see below. Self-explanatory work out. This is used when a numerical answer is required. Often no format is specified. This may be accompanied by show workings or show calculations. Make relevant statements, usually on given figures or on the results of calculations. Support your statements with reference to suitable evidence, examples, etc. Write down the differences between two statements/businesses/methods etc. Look for points or similarity and points of difference. Self-explanatory fill in. Often used in relation to tables/sentences, blanks or boxes. Write down a clear explanation of the meaning of an accounting term. Write down the main characteristics of something. Often linked with Comment see above. Write down a reasoned explanation of the causes/effects of a course of action/the difference between two sets of figures/two accounting statements etc. Sometimes used instead of Prepare. Present something in statement or account format. Sometimes expressed as Make entries. Record given information in specified accounts/books/ledgers. Give a written account of what something means/why it is done/the outcome of it etc. Sometimes used in place of State. Write down. Sometimes used as Give 2 examples. Use specific examples or figures to explain something. Self-explanatory write down information in a number of points. Usually no further explanation is necessary. Self-explanatory write down the title of etc. Often used for short one-word answers. ECol

15 Outline Prepare Record Select Show State State and explain Suggest Using Write up Write down. Often linked to State see below. Give a brief written account of something. See Draw up above. Present some accounting information in a suitable format. Self-explanatory. May be used in place of Enter or Write up. Make the necessary entries in a set of accounting. Self-explanatory choose relevant information from that given. Often linked to a further instruction e.g. Select the relevant information and prepare.... Self-explanatory write down workings/calculations or how an item will appear in some accounting statement. Self-explanatory write down. Often used instead of Give see above. Used when requiring written explanation of something. Usually requires a little more detail than just State and often requires an explanation of why/how. Requires knowledge to be related to a given situation. Offer explanation why something occurred/how a situation can be improved/methods available to deal with a situation etc. Refer back to some previous information e.g. Using your answer to Part (a).... May be used in place of Prepare see above. Often used in connection with the preparation of accounts. ECol

16 BLANK PAGE

PRINCIPLES OF ACCOUNTS 7110 GCE O Level FOR EXAMINATION IN Exclusions

PRINCIPLES OF ACCOUNTS 7110 GCE O Level FOR EXAMINATION IN Exclusions PRINCIPLES OF ACCOUNTS 7110 GCE O Level FOR EXAMINATION IN 2008 Exclusions This syllabus must not be offered in the same session with any of the following syllabuses: 0452 Accounting 0614 Accounting (Botswana)

More information

MINISTRY OF EDUCATION

MINISTRY OF EDUCATION Republic of Namibia MINISTRY OF EDUCATION NAMIBIA SENIOR SECONDARY CERTIFICATE (NSSC) ACCOUNTING SYLLABUS ORDINARY LEVEL SYLLABUS CODE: 4345 GRADES 11-12 2010 DEVELOPED IN COLLABORATION WITH UNIVERSITY

More information

Syllabus. Cambridge O Level Principles of Accounts Syllabus code 7110 For examination in June and November 2013

Syllabus. Cambridge O Level Principles of Accounts Syllabus code 7110 For examination in June and November 2013 Syllabus Cambridge O Level Principles of Accounts Syllabus code 7110 For examination in June and November 2013 Contents Cambridge O Level Principles of Accounts Syllabus code 7110 1. Introduction... 2

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS GCE ORDINARY LEVEL (SYLLABUS 7092) INTRODUCTION The syllabus aims to develop an understanding of the principles and concepts of accounting and their applications in a variety of

More information

MINISTRY OF EDUCATION

MINISTRY OF EDUCATION Republic of Namibia MINISTRY OF EDUCATION NAMIBIA SENIOR SECONDARY CERTIFICATE (NSSC) ACCOUNTING SYLLABUS HIGHER LEVEL SYLLABUS CODE: 8335 GRADES 11-12 2010 DEVELOPED IN COLLABORATION WITH UNIVERSITY OF

More information

Syllabus Cambridge IGCSE Accounting Syllabus code 0452 For examination in June and November 2012

Syllabus Cambridge IGCSE Accounting Syllabus code 0452 For examination in June and November 2012 www.xtremepapers.com Syllabus Cambridge IGCSE Accounting Syllabus code 0452 For examination in June and November 2012 Contents Cambridge IGCSE Accounting Syllabus code 0452 1. Introduction... 2 1.1 Why

More information

Dawood Public School. Course Outline for Principles of Accounts. Class X

Dawood Public School. Course Outline for Principles of Accounts. Class X Cambridge O Level Principles of Accounts Syllabus Code 7110 Course Books: Dawood Public School Course Outline for 2013-2014 Principles of Accounts Class X 1. Wood, Frank, Business Accounting, FT Pitman

More information

Cambridge International General Certificate of Secondary Education 0452 Accounting June 2014 Principal Examiner Report for Teachers

Cambridge International General Certificate of Secondary Education 0452 Accounting June 2014 Principal Examiner Report for Teachers ACCOUNTING Cambridge International General Certificate of Secondary Education Paper 0452/11 Paper 11 Key Messages Question 1 consisted of ten multiple choice items covering topics across the whole syllabus.

More information

SEC Syllabus (2020) Accounting

SEC Syllabus (2020) Accounting SEC SYLLABUS (2020) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand

More information

MINISTRY OF PRIMARY AND SECONDARY EDUCATION

MINISTRY OF PRIMARY AND SECONDARY EDUCATION ZIMBABWE MINISTRY OF PRIMARY AND SECONDARY EDUCATION ACCOUNTING SYLLABUS FORMS 5-6 2015 2022 Curriculum Development Unit P.O. Box MP 133 Mount Pleasant Harare All rights reserved 2015 ACKNOWLEDGEMENT The

More information

Cambridge International General Certificate of Secondary Education 0452 Accounting November 2014 Principal Examiner Report for Teachers

Cambridge International General Certificate of Secondary Education 0452 Accounting November 2014 Principal Examiner Report for Teachers ACCOUNTING Cambridge International General Certificate of Secondary Education Paper 0452/11 Paper 11 Key Messages Questions can be set on any section of the syllabus and a good knowledge of all sections

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS Paper 7110/11 Paper 11 Question Question Key Number Number Key 1 D 16 B 2 A 17 B 3 D 18 C 4 C 19 C 5 B 20 A 6 D 21 B 7 D 22 C 8 A 23 A 9 C 24 D 10 A 25 A 11 D 26 C 12 D 27 D 13 A

More information

Cambridge International General Certificate of Secondary Education 0452 Accounting June 2016 Principal Examiner Report for Teachers

Cambridge International General Certificate of Secondary Education 0452 Accounting June 2016 Principal Examiner Report for Teachers ACCOUNTING Cambridge International General Certificate of Secondary Education Paper 0452/11 Paper 11 Key messages Candidates should read the question carefully before attempting to answer. A label for

More information

Cambridge International General Certificate of Secondary Education 0452 Accounting June 2012 Principal Examiner Report for Teachers

Cambridge International General Certificate of Secondary Education 0452 Accounting June 2012 Principal Examiner Report for Teachers ACCOUNTING Cambridge International General Certificate of Secondary Education Paper 0452/11 Paper 11 Key Messages This question paper contained a mixture of multiple-choice, short-answer and structured

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS GCE Ordinary Level (2017) (Syllabus 7175) CONTENTS Page INTRODUCTION 2 AIMS 2 ASSESSMENT OBJECTIVES 3 SCHEME OF ASSESSMENT 4 USE OF CALCULATORS 4 SYLLABUS OUTLINE 5 SUBJECT CONTENT

More information

Annual Qualification Review 2010

Annual Qualification Review 2010 LCCI International Qualifications Level 2 Book-keeping & Accounts Annual Qualification Review 2010 For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk

More information

IM SYLLABUS (2018) ACCOUNTING IM 01 SYLLABUS

IM SYLLABUS (2018) ACCOUNTING IM 01 SYLLABUS IM SYLLABUS (2018) ACCOUNTING IM 01 SYLLABUS 1 Accounting IM01 Syllabus (Available in September) 1 Paper (3 hrs) Introduction The syllabus seeks to develop sound financial literacy, and the presentation

More information

Cambridge International General Certificate of Secondary Education 0452 Accounting November 2012 Principal Examiner Report for Teachers

Cambridge International General Certificate of Secondary Education 0452 Accounting November 2012 Principal Examiner Report for Teachers ACCOUNTING Cambridge International General Certificate of Secondary Education Paper 0452/11 Paper 1 Key Messages This question paper contained a mixture of multiple-choice, short-answer and structured

More information

Elective Part -- Accounting Module 2(a) Financial Accounting

Elective Part -- Accounting Module 2(a) Financial Accounting Suggested Revised BAFS Curriculum Draft as at 30 January 2013 Elective Part -- Accounting Module 2(a) Financial Accounting Topic Books of Original Entry and Types of Ledgers Explanatory Notes (original

More information

Cambridge International General Certificate of Secondary Education 0452 Accounting November 2011 Principal Examiner Report for Teachers

Cambridge International General Certificate of Secondary Education 0452 Accounting November 2011 Principal Examiner Report for Teachers ACCOUNTING Cambridge International General Certificate of Secondary Education www.xtremepapers.com Paper 0452/11 Paper 11 Key messages This question paper contained a mixture of multiple-choice, short

More information

Level 2 Certificate in Book-Keeping and Accounts

Level 2 Certificate in Book-Keeping and Accounts LCCI International Qualifications Level 2 Certificate in Book-Keeping and Accounts Extended Syllabus Syllabus Effective for examinations to be held after 1 January 2008 For further information contact

More information

Syllabus Cambridge International A & AS Level Accounting Syllabus code 9706 For examination in June and November 2011

Syllabus Cambridge International A & AS Level Accounting Syllabus code 9706 For examination in June and November 2011 www.xtremepapers.com Syllabus Cambridge International A & AS Level Accounting Syllabus code 9706 For examination in June and November 2011 Note for Exams Officers: Before making Final Entries, please check

More information

Activity to Develop and Demonstrate Competence. Describe the nature, scope and purposes of financial statements and their related records and accounts

Activity to Develop and Demonstrate Competence. Describe the nature, scope and purposes of financial statements and their related records and accounts Paper 1 Financial Accounting Aim This paper aims at testing students understanding of the basic accounting principles, and their ability to apply concepts of financial accounting and methods to record

More information

IM SYLLABUS (2020) ACCOUNTING IM 01 SYLLABUS

IM SYLLABUS (2020) ACCOUNTING IM 01 SYLLABUS IM Syllabus (2020): Accounting IM SYLLABUS (2020) ACCOUNTING IM 01 SYLLABUS 1 Accounting IM01 Syllabus (Available in September) 1 Paper (3 hrs) Introduction The syllabus seeks to develop sound financial

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS Paper 7110/11 Multiple Choice Question Question Key Number Number Key 1 D 16 C 2 C 17 A 3 C 18 C 4 B 19 C 5 D 20 D 6 A 21 C 7 A 22 A 8 D 23 D 9 C 24 B 10 C 25 B 11 A 26 A 12 B 27

More information

AM01 Syllabus (2019): Accounting AM SYLLABUS (2019) SYLLABUS

AM01 Syllabus (2019): Accounting AM SYLLABUS (2019) SYLLABUS ACCOUNTING AM SYLLABUS (2019) AM01 SYLLABUS 1 Accounting AM01 Syllabus (Available in September) Paper I (3 hrs) + Paper II (3 hrs) Introduction The syllabus seeks to develop the students financial literacy,

More information

Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ)

Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ) L2 Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ) (ASE20093) SPECIFICATION Issue 3 First teaching from September 2015 Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting

More information

ACCOUNTS (858) CLASS XI

ACCOUNTS (858) CLASS XI ACCOUNTS (858) Aims: 1. To provide an understanding of the principles of accounts and practice in recording transactions and interpreting individual as well as company accounts. 2. To develop an understanding

More information

OUTLINE ANSWERS TO EXERCISES

OUTLINE ANSWERS TO EXERCISES OUTLINE ANSWERS TO EXERCISES 437 2.1 Cash account balance carried forward 1,680 2.2 Rent account Credit balance carried forward 300 Profit and loss charge 1,050 Rates account Debit balance carried forward

More information

Syllabus. LCCI International Qualifications. Level 1 Certificate in Book-Keeping. Effective for examinations to be held after 1 Jan 2008

Syllabus. LCCI International Qualifications. Level 1 Certificate in Book-Keeping. Effective for examinations to be held after 1 Jan 2008 LCCI International Qualifications Level 1 Certificate in Book-Keeping Syllabus Effective for examinations to be held after 1 Jan 2008 For further information contact us: Tel. +44 (0) 8707 202909 Email.

More information

Annual Qualification Review

Annual Qualification Review LCCI International Qualifications Level 2 Certificate in Book-Keeping and Accounts Annual Qualification Review 2008 For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com

More information

AM Syllabus ( ): Accounting AM SYLLABUS ( ) ACCOUNTING AM 01 SYLLABUS

AM Syllabus ( ): Accounting AM SYLLABUS ( ) ACCOUNTING AM 01 SYLLABUS AM SYLLABUS (2008-2013) ACCOUNTING AM 01 SYLLABUS 1 Accounting AM 01 Syllabus (Available in September) Paper I (3 hrs) + Paper II (3 hrs) Introduction The syllabus builds on the topics set for the SEC

More information

IAB Level 3 Certificate in Bookkeeping and Accounting (RQF) Qualification Specification

IAB Level 3 Certificate in Bookkeeping and Accounting (RQF) Qualification Specification IAB Level 3 Certificate in Bookkeeping and Accounting (RQF) Qualification Specification Contents 1 Introduction to the qualification... 2 2 Statement of level... 2 3 Aims... 2 4 Target groups... 3 5 Entry

More information

Syllabus. General Certificate of Education (International) Advanced Level and Advanced Subsidiary Level ACCOUNTING 9706

Syllabus. General Certificate of Education (International) Advanced Level and Advanced Subsidiary Level ACCOUNTING 9706 General Certificate of Education (International) Advanced Level and Advanced Subsidiary Level www.xtremepapers.com Syllabus ACCOUNTING 9706 For examination in June and November 2010 CIE provides syllabuses,

More information

Dawood Public School Course Outline Principles of Accounts Class IX

Dawood Public School Course Outline Principles of Accounts Class IX Dawood Public School Course Outline 2017-18 Principles of Accounts Class IX Cambridge O level Principles of Accounts Syllabus Code 7110 Course Books: 1. Wood, Frank, Business Accounting, FT Pitman Publishers

More information

IAB LEVEL 2 CERTIFICATE IN APPLIED BOOKKEEPING (QCF)

IAB LEVEL 2 CERTIFICATE IN APPLIED BOOKKEEPING (QCF) IAB LEVEL 2 CERTIFICATE IN APPLIED BOOKKEEPING (QCF) Qualification Accreditation Number 500/9262/5 (Accreditation end date 31 st December 2012) CONTENTS QUALIFICATION SPECIFICATION 1. Introduction 2. Aims

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS Paper 7110/11 Paper 11 Question Number Key Question Number Key 1 B 16 B 2 C 17 B 3 D 18 D 4 C 19 A 5 B 20 B 6 B 21 A 7 C 22 D 8 D 23 A 9 B 24 B 10 A 25 C 11 D 26 D 12 A 27 C 13 C

More information

Example Candidate Responses

Example Candidate Responses Example Candidate Responses Cambridge O Level Principles of Accounts 7110 Cambridge Secondary 2 In order to help us develop the highest quality Curriculum Support resources, we are undertaking a continuous

More information

Soft clean eraser Soft pencil (type B or HB is recommended)

Soft clean eraser Soft pencil (type B or HB is recommended) *5614158211* Cambridge International Examinations Cambridge Ordinary Level PRINCIPLES OF ACCOUNTS 7110/11 Paper 1 Multiple Choice May/June 2015 Additional Materials: Multiple Choice Answer Sheet Soft clean

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS OBJECTIVE The objective of the examination is to test candidates understanding of the basic principles and methods of accounting and their application to practical situations. THE

More information

ACCOUNTING Accounting June 2003

ACCOUNTING Accounting June 2003 www.xtremepapers.com ACCOUNTING... 2 Paper 0452/01 Multiple Choice... 2 Paper 0452/02 Paper 2... 3 Paper 0452/03 Paper 3... 8 1 Paper 0452/01 Multiple Choice Question Number Key Question Number 1 D 21

More information

Institute of Certified Bookkeepers

Institute of Certified Bookkeepers Making you count Institute of Certified Bookkeepers Level II Certificate in Bookkeeping Syllabus from April 2014 1 Level II Certificate in Bookkeeping from April 2014 Course Code L2C Introduction Level

More information

Syllabus. General Certificate of Education (International) Advanced Level and Advanced Subsidiary Level ACCOUNTING 9706

Syllabus. General Certificate of Education (International) Advanced Level and Advanced Subsidiary Level ACCOUNTING 9706 General Certificate of Education (International) Advanced Level and Advanced Subsidiary Level www.xtremepapers.com Syllabus ACCOUNTING 9706 For examination in June and November 2009 CIE provides syllabuses,

More information

Institute of Certified Bookkeepers

Institute of Certified Bookkeepers Making you count Institute of Certified Bookkeepers Level II Certificate in Bookkeeping Syllabus from April 2014 1 Level II Certificate in Bookkeeping Level II Certificate in Bookkeeping (Skills and Underpinning

More information

ACCOUNTING... 2 SRIGCSGPOVIN0201 Group V Creative, Technical and Vocational

ACCOUNTING... 2 SRIGCSGPOVIN0201 Group V Creative, Technical and Vocational SRIGCSGPOVIN0201 www.xtremepapers.com Group V Creative, Technical and Vocational ACCOUNTING... 2 Paper 0452/01 Paper 1 - Multiple Choice... 2 Paper 0452/02 Paper 2... 3 Paper 0452/03 Accounting... 8 1

More information

PRINCIPLES OF ACCOUNTS 7110/21 Paper 2 Structured October/November 2016 MARK SCHEME Maximum Mark: 120. Published

PRINCIPLES OF ACCOUNTS 7110/21 Paper 2 Structured October/November 2016 MARK SCHEME Maximum Mark: 120. Published Cambridge International Examinations Cambridge Ordinary Level PRINCIPLES OF ACCOUNTS 7110/21 Paper 2 Structured October/November 2016 MARK SCHEME Maximum Mark: 120 Published This mark scheme is published

More information

IAB LEVEL 2 CERTIFICATE IN MANUAL AND COMPUTERISED BOOKKEEPING (QCF)

IAB LEVEL 2 CERTIFICATE IN MANUAL AND COMPUTERISED BOOKKEEPING (QCF) CONTENTS IAB LEVEL 2 CERTIFICATE IN MANUAL AND COMPUTERISED BOOKKEEPING (QCF) Qualification Accreditation Number 601/3789/7 (Accreditation review date 31 st December 2016) QUALIFICATION SPECIFICATION Introduction

More information

CARIBBEAN EXAMINATIONS COUNCIL

CARIBBEAN EXAMINATIONS COUNCIL CARIBBEAN EXAMINATIONS COUNCIL REPORT ON CANDIDATES WORK IN THE CARIBBEAN SECONDARY EDUCATION CERTIFICATE JANUARY 2009 PRINCIPLES OF ACCOUNTS Copyright 2009 Caribbean Examinations Council St Michael Barbados

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS Cambridge General Certificate of Education Ordinary Level PRINCIPLES OF ACCOUNTS Paper 7110/11 Multiple Choice Question Number Key Question Number Key 1 C 16 B 2 A 17 A 3 B 18 B 4 C 19 A 5 A 20 C 6 B 21

More information

Class: XI Subject: ACCOUNTANCY. NO OF PERIOD Unit-1 (25 periods) LEARNING OUTCOMES

Class: XI Subject: ACCOUNTANCY. NO OF PERIOD Unit-1 (25 periods) LEARNING OUTCOMES Unit-1 (25 CH-1. Introduction to Accounting - Project on Accounting: objectives, advantages and International limitations, types of accounting information; Accounting users of accounting information and

More information

7110 PRINCIPLES OF ACCOUNTS

7110 PRINCIPLES OF ACCOUNTS UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Ordinary Level www.xtremepapers.com MARK SCHEME for the October/November 2008 question paper 7110 PRINCIPLES OF ACCOUNTS 7110/02 Paper 2 (Structured),

More information

Downloaded From: SYLLABUS ACCOUNTANCY 1. RATIONALE

Downloaded From:   SYLLABUS ACCOUNTANCY 1. RATIONALE SYLLABUS ACCOUNTANCY 1. RATIONALE Accountancy is an important language of business. Its knowledge has become indispensable for recording and analysing business transactions, interpreting the business results

More information

IAB LEVEL 4 DIPLOMA IN ACCOUNTING TO INTERNATIONAL STANDARDS (Qualification Accreditation Number 500/3370/

IAB LEVEL 4 DIPLOMA IN ACCOUNTING TO INTERNATIONAL STANDARDS (Qualification Accreditation Number 500/3370/ IAB LEVEL 4 DIPLOMA IN ACCOUNTING TO INTERNATIONAL STANDARDS (Qualification Accreditation Number 500/3370/ INTRODUCTION The overall aim of this qualification is to accredit candidates knowledge and understanding

More information

Cambridge International Examinations Cambridge International General Certificate of Secondary Education

Cambridge International Examinations Cambridge International General Certificate of Secondary Education *7159834754* Cambridge International Examinations Cambridge International General Certificate of Secondary Education ACCOUNTING 0452/11 Paper 1 May/June 2014 Candidates answer on the Question Paper. No

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS Paper 7110/11 Multiple Choice Question Number Key Question Number Key 1 B 16 B 2 D 17 C 3 B 18 B 4 A 19 A 5 D 20 D 6 A 21 C 7 C 22 A 8 D 23 D 9 A 24 B 10 C 25 C 11 C 26 C 12 B 27

More information

Institute of Certified Bookkeepers

Institute of Certified Bookkeepers Making you count Institute of Certified Bookkeepers Level III Certificate in Bookkeeping and Accounting Syllabus ICB Syllabus Level III Certificate in Bookkeeping and Accounting 1 Level III Certificate

More information

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS Paper 7110/11 Multiple Choice Question Number Key Question Number Key 1 C 16 C 2 D 17 A 3 D 18 B 4 B 19 B 5 A 20 A 6 D 21 D 7 D 22 A 8 C 23 D 9 A 24 A 10 B 25 D 11 A 26 C 12 A 27

More information

Accounting Principles. Question Paper, Answers and Examiners Comments. Level 3 Diploma June B/PQP/1

Accounting Principles. Question Paper, Answers and Examiners Comments. Level 3 Diploma June B/PQP/1 Accounting Principles Question Paper, Answers and Examiners Comments Level 3 Diploma 7B/PQP/1 Copyright of the Institute of Credit Management Institute of Credit Management The Water Mill, Station Road,

More information

BOOKS OF ORIGINAL ENTRIES

BOOKS OF ORIGINAL ENTRIES BOOKS OF ORIGINAL ENTRIES These are the books of first entry. The transactions are first recorded in these books before being entered in the ledger books. These books are also called as books of Prime

More information

Syllabus. Cambridge International A & AS Level Accounting Syllabus code 9706 For examination in June and November 2013

Syllabus. Cambridge International A & AS Level Accounting Syllabus code 9706 For examination in June and November 2013 Syllabus Cambridge International A & AS Level Accounting Syllabus code 9706 For examination in June and November 2013 Contents Cambridge International A & AS Level Accounting Syllabus code 9706 1. Introduction...

More information

Pearson LCCI Level 3 Certificate in Accounting (VRQ)

Pearson LCCI Level 3 Certificate in Accounting (VRQ) Pearson LCCI Level 3 Certificate in Accounting (VRQ) (ASE3012X) L3 SPECIFICATION Issue 2 Pearson LCCI Level 3 Certificate in Accounting (VRQ) (ASE3012X) Specification Issue 2 Edexcel, BTEC and LCCI qualifications

More information

Cambridge IGCSE Accounting (0452)

Cambridge IGCSE Accounting (0452) www.xtremepapers.com Cambridge IGCSE Accounting (0452) International Accounting Standards (IAS) Guidance for Teachers Contents Introduction... 2 Use of this document... 2 Users of financial statements...

More information

MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/23 Paper 2, maximum raw mark 120

MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/23 Paper 2, maximum raw mark 120 UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November question paper for the guidance of teachers 0452 ACCOUNTING

More information

Coimisiún na Scrúduithe Stáit State Examinations Commission

Coimisiún na Scrúduithe Stáit State Examinations Commission 2018. M55 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION 2018 ACCOUNTING - HIGHER LEVEL (400 marks) MONDAY 18 JUNE AFTERNOON 2.00 5.00 This paper is divided

More information

Grade XI. Accountancy. (Important Concepts) #GrowWithGreen

Grade XI. Accountancy. (Important Concepts) #GrowWithGreen Grade XI Accountancy (Important Concepts) #GrowWithGreen Financial Accounting [Part-I] Chapter 1 (Introduction to Accounting) 1. Difference between Book-Keeping, Accounting and Accountancy 2. Users of

More information

Index. Assets (continued) scrapping or disposal trading-in Auditing Profession Act 26 of

Index. Assets (continued) scrapping or disposal trading-in Auditing Profession Act 26 of Index A Accounts balancing... 61 incomplete records... 369 Accounting balancing an account... 61 basic accounting equation... 27 cycle... 130 definition... 4, 13 developments... 5 domains... 14 function...

More information

CBA Model Question Paper CO2. The difference between an income statement and an income and expenditure account is that

CBA Model Question Paper CO2. The difference between an income statement and an income and expenditure account is that CBA Model Question Paper CO2 Question 1 The difference between an income statement and an income and expenditure account is that A an income and expenditure account is an international term for a Income

More information

NC 824. First Year B. C. A. Examination. April / May Financial Accounting & Management. Time : 3 Hours] [Total Marks : 50

NC 824. First Year B. C. A. Examination. April / May Financial Accounting & Management. Time : 3 Hours] [Total Marks : 50 NC 824 First Year B. C. A. Examination April / May 2003 Financial Accounting & Management Seat No. Time : 3 Hours] [Total Marks : 50 Instructions : (1) Figures to the right indicate marks. (2) Show calculations

More information

Financial Accounting (F3/FFA) February 2013 to January 2014

Financial Accounting (F3/FFA) February 2013 to January 2014 Financial Accounting (F3/FFA) February 2013 to January 2014 This syllabus and study guide is designed to help with teaching and learning and is intended to provide detailed information on what could be

More information

Cambridge International Advanced Subsidiary Level and Advanced Level 9706 Accounting June 2015 Principal Examiner Report for Teachers

Cambridge International Advanced Subsidiary Level and Advanced Level 9706 Accounting June 2015 Principal Examiner Report for Teachers Cambridge International Advanced Subsidiary Level and Advanced Level ACCOUNTING Paper 9706/11 Multiple Choice Question Number Key Question Number Key 1 D 16 A 2 C 17 A 3 D 18 B 4 B 19 A 5 D 20 D 6 A 21

More information

IAB LEVEL 2 AWARD IN MANUAL BOOKKEEPING (QCF)

IAB LEVEL 2 AWARD IN MANUAL BOOKKEEPING (QCF) IAB LEVEL 2 AWARD IN MANUAL BOOKKEEPING (QCF) CONTENTS Qualification Accreditation Number 601/0480/6 (Accreditation review date 31 st December 2017) QUALIFICATION SPECIFICATION Introduction 1. Aims 2.

More information

IAB Level 4 Certificate in International Accounting Standards and IFRS 603/3017/X. Qualification Specification

IAB Level 4 Certificate in International Accounting Standards and IFRS 603/3017/X. Qualification Specification IAB Level 4 Certificate in International Accounting Standards and IFRS 603/3017/X Qualification Specification Contents 1 Introduction to the qualification... 2 2 Statement of level... 2 3 Aims... 2 4 Target

More information

Accounting *P44292A0120* P44292A. Paper 1. Pearson Edexcel International GCSE. Friday 8 May 2015 Morning Time: 2 hours 30 minutes.

Accounting *P44292A0120* P44292A. Paper 1. Pearson Edexcel International GCSE. Friday 8 May 2015 Morning Time: 2 hours 30 minutes. Write your name here Surname Other names Pearson Edexcel International GCSE Accounting Paper 1 Centre Number Candidate Number Friday 8 May 2015 Morning Time: 2 hours 30 minutes You do not need any other

More information

PRINCIPLES OF ACCOUNTS 7110/2

PRINCIPLES OF ACCOUNTS 7110/2 Centre Number Candidate Number Candidate Name CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level PRINCIPLES OF ACCOUNTS 7110/2 PAPER 2 MAY/JUNE SESSION 2002 1 hour 45

More information

Financial Accounting. Sample Paper 1 Questions & Suggested solutions. Financial Accounting Sample Paper 1 Page 1 of 26

Financial Accounting. Sample Paper 1 Questions & Suggested solutions. Financial Accounting Sample Paper 1 Page 1 of 26 Financial Accounting Sample Paper 1 Questions & Suggested solutions Financial Accounting Sample Paper 1 Page 1 of 26 NOTES TO USERS ABOUT SAMPLE PAPERS Sample papers are published by Accounting Technicians

More information

NATIONAL 5 Accounting

NATIONAL 5 Accounting MADRAS COLLEGE FACULTY OF TECHNOLOGIES DEPARTMENT OF BUSINESS AND ENTERPRISE NATIONAL 5 Accounting Course Information Name: ACCOUNTING NATIONAL 5 COURSE AIMS AND STRUCTURE The course aims to enable learners

More information

Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level

Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level *3484335703* ambridge International Examinations ambridge International dvanced Subsidiary and dvanced Level OUNTING 9706/13 Paper 1 Multiple hoice October/November 2017 1 hour dditional Materials: Multiple

More information

SHUN LEE CATHOLIC SECONDARY SCHOOL BUSINESS, ACCOUNTING AND FINANCIAL STUDIES SCHEME OF WORK

SHUN LEE CATHOLIC SECONDARY SCHOOL BUSINESS, ACCOUNTING AND FINANCIAL STUDIES SCHEME OF WORK SHUN LEE CATHOLIC SECONDARY SCHOOL 2011-2012 BUSINESS, ACCOUNTING AND FINANCIAL STUDIES SCHEME OF WORK Classes Teachers Textbook : S4C & E2 : Mr. LAU Tsz Kin, Ms. LEUNG Kwan Yee Carol : Business Environment

More information

STATE COUNCIL OF EDUCATIONAL RESEARCH AND TRAINING TNCF DRAFT SYLLABUS

STATE COUNCIL OF EDUCATIONAL RESEARCH AND TRAINING TNCF DRAFT SYLLABUS STATE COUNCIL OF EDUCATIONAL RESEARCH AND TRAINING TNCF 2017 - DRAFT SYLLABUS Subject :Accountancy Class : XI Unit 1 : TOPIC Introduction To Accounting CONTENT Evolution of Accounting; Meaning and Definition

More information

KE 1 - FINANCIAL ACCOUNTING AND REPORTING FUNDAMENTALS Suggested Answers and Marking Grid

KE 1 - FINANCIAL ACCOUNTING AND REPORTING FUNDAMENTALS Suggested Answers and Marking Grid KE 1 - FINANCIAL ACCOUNTING AND REPORTING FUNDAMENTALS Suggested Answers and Marking Grid 1 SECTION 1 Question 01 1(a) 1.1. 1.2.6 Explain qualitative characteristics of financial statements/financial information.

More information

ICAN MID DIET LIVE CLASS FOR MAY DIET 2015 FINANCIAL ACCOUNTING Introduction to financial accounting Recording non-current assets and depreciation

ICAN MID DIET LIVE CLASS FOR MAY DIET 2015 FINANCIAL ACCOUNTING Introduction to financial accounting Recording non-current assets and depreciation ICAN MID DIET LIVE CLASS FOR MAY DIET 2015 FINANCIAL ACCOUNTING Introduction to financial accounting Recording non-current assets and depreciation Compiling financial statement Compiling financial statement

More information

ACCOUNTING JUNE EXAMINATION GRADE 11

ACCOUNTING JUNE EXAMINATION GRADE 11 1 ACCOUNTING JUNE EXAMINATION 2015 GRADE 11 MARKS: 300 TIME: 3 HOURS This Question paper consists of 13 pages and 11 pages Answer book INSTRUCTIONS AND INFORMATION 2 1. You are provided with a question

More information

7110 PRINCIPLES OF ACCOUNTS

7110 PRINCIPLES OF ACCOUNTS CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Ordinary Level MARK SCHEME for the October/November 2013 series 7110 PRINCIPLES OF ACCOUNTS 7110/21 Paper 2 (Structured), maximum raw mark 120 This mark scheme

More information

Paper Reference. Paper Reference(s) 4305/01 London Examinations IGCSE. Friday 3 November 2006 Afternoon Time: 2 hours 30 minutes

Paper Reference. Paper Reference(s) 4305/01 London Examinations IGCSE. Friday 3 November 2006 Afternoon Time: 2 hours 30 minutes Centre No. Candidate No. Paper Reference(s) 4305/01 London Examinations IGCSE Accounting Paper 1 Friday 3 November 2006 Afternoon Time: 2 hours 30 minutes Materials required for examination Nil Paper Reference

More information

MARK SCHEME for the October/November 2014 series 0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120

MARK SCHEME for the October/November 2014 series 0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120 CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International General Certificate of Secondary Education MARK SCHEME for the October/November 2014 series 0452 ACCOUNTING 0452/11 Paper 1, maximum raw mark

More information

SYLLABUS. Cambridge International AS and A Level Accounting.

SYLLABUS. Cambridge International AS and A Level Accounting. SYLLABUS Cambridge International AS and A Level Accounting 9706 For examination in June and November 2014 University of Cambridge International Examinations retains the copyright on all its publications.

More information

MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 9706 ACCOUNTING

MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 9706 ACCOUNTING UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 9706 ACCOUNTING

More information

0452 ACCOUNTING. 0452/12 Paper 1, maximum raw mark 120

0452 ACCOUNTING. 0452/12 Paper 1, maximum raw mark 120 CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2014 series 0452 ACCOUNTING 0452/12 Paper 1, maximum raw mark 120 This mark scheme

More information

Institute of Certified Bookkeepers Level III Certificate in Bookkeeping and Accounts Syllabus from April 2014

Institute of Certified Bookkeepers Level III Certificate in Bookkeeping and Accounts Syllabus from April 2014 Institute of Certified Bookkeepers Level III Certificate in Bookkeeping and Accounts Syllabus from April 2014 1 Level III Certificate in Bookkeeping and Accounts From April 2014 Course Code L3C Introduction

More information

Cambridge International Examinations Cambridge International General Certificate of Secondary Education. Published

Cambridge International Examinations Cambridge International General Certificate of Secondary Education. Published Cambridge International Examinations Cambridge International General Certificate of Secondary Education ACCOUNTING 0452/22 Paper 2 October/November MARK SCHEME Maximum Mark: 120 Published This mark scheme

More information

Financial Accounting (FA)/FFA September 2018 to August 2019

Financial Accounting (FA)/FFA September 2018 to August 2019 Financial Accounting (FA)/FFA September 2018 to August 2019 Guide to structure of the syllabus and Study guide This syllabus and study guide are designed to help with teaching and learning and is intended

More information

Coimisiún na Scrúduithe Stáit State Examinations Commission

Coimisiún na Scrúduithe Stáit State Examinations Commission 2014. M55 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION 2014 A C C O U N T I N G - H I G H E R L E V E L (400 marks) This paper is divided into 3 Sections:

More information

MARK SCHEME for the May/June 2012 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120

MARK SCHEME for the May/June 2012 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120 UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2012 question paper for the guidance of teachers 0452 ACCOUNTING

More information

MARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/11 Paper 11, maximum raw mark 120

MARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/11 Paper 11, maximum raw mark 120 UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING

More information

UNIVERSITY OF MALTA SECONDARY EDUCATION CERTIFICATE SEC ACCOUNTING. May Marking Scheme Paper I

UNIVERSITY OF MALTA SECONDARY EDUCATION CERTIFICATE SEC ACCOUNTING. May Marking Scheme Paper I UNIVERSITY OF MALTA SECONDARY EDUCATION CERTIFICATE SEC ACCOUNTING May 2011 Marking Scheme Paper I MATRICULATION AND SECONDARY EDUCATION CERTIFICATE EXAMINATIONS BOARD PAPER I Answer ALL questions. Question

More information

Intermediate Bookkeeping

Intermediate Bookkeeping Intermediate Bookkeeping Course map This document outlines the course structure. Course orientation Lesson 1: Welcome Lesson 2: Getting your diploma Lesson 3: How do I study this course? Unit 1: Welcome

More information

Composed & Solved Hafiz Salman Majeed

Composed & Solved Hafiz Salman Majeed FINALTERM EXAMINATION Fall 2008 MGT101- Financial Accounting (Session - 4) Question No: 1 ( Marks: 1 ) - Please choose one Wages outstanding given in the trial balance will be treated as a (an): Asset

More information

Level 3 Certificate in Accounting

Level 3 Certificate in Accounting Level 3 Certificate in Accounting Syllabus Effective for examinations to be held after 1 January 2008 (UK Accreditation No: 100/1450/0) ASP 0047 ALSG >f0t@wjy2`?h:y3]0t9]@w>q0z# Vision Statement Our vision

More information

UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education

UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education *0620144673* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/23 Paper 2 October/November 2011 Candidates answer on the Question

More information

0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120

0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120 CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2013 series 0452 ACCOUNTING 0452/11 Paper 1, maximum raw mark 120 This mark scheme

More information